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Side-by-side financial comparison of Blue Bird Corp (BLBD) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($677.3M vs $333.1M, roughly 2.0× Blue Bird Corp). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 14.7% vs 9.2%, a 5.5% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs 6.1%). Blue Bird Corp produced more free cash flow last quarter ($31.1M vs $6.6M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (6.5% CAGR vs -1.9%).
The Blue Bird Corporation is an American bus manufacturer. Headquartered in Fort Valley, Georgia, the company was best known for its production of school buses. The company has also manufactured a wide variety of other bus types, including transit buses, motorhomes, and specialty vehicles such as mobile libraries and mobile police command centers.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
BLBD vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $677.3M |
| Net Profit | $30.8M | $99.6M |
| Gross Margin | 21.4% | 48.1% |
| Operating Margin | 11.3% | 19.6% |
| Net Margin | 9.2% | 14.7% |
| Revenue YoY | 6.1% | 21.4% |
| Net Profit YoY | 7.1% | 34.6% |
| EPS (diluted) | $0.94 | $2.97 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $677.3M | ||
| Q4 25 | $333.1M | $625.1M | ||
| Q3 25 | $409.4M | $611.7M | ||
| Q2 25 | $398.0M | $643.7M | ||
| Q1 25 | $358.9M | $558.0M | ||
| Q4 24 | $313.9M | $540.4M | ||
| Q3 24 | $350.2M | $543.6M | ||
| Q2 24 | $333.4M | $597.3M |
| Q1 26 | — | $99.6M | ||
| Q4 25 | $30.8M | $83.7M | ||
| Q3 25 | $36.5M | $82.2M | ||
| Q2 25 | $36.5M | $100.9M | ||
| Q1 25 | $26.0M | $74.0M | ||
| Q4 24 | $28.7M | $67.5M | ||
| Q3 24 | $24.7M | $69.1M | ||
| Q2 24 | $28.7M | $82.0M |
| Q1 26 | — | 48.1% | ||
| Q4 25 | 21.4% | 49.5% | ||
| Q3 25 | 21.1% | 48.8% | ||
| Q2 25 | 21.6% | 50.6% | ||
| Q1 25 | 19.7% | 48.8% | ||
| Q4 24 | 19.2% | 46.7% | ||
| Q3 24 | 17.0% | 47.3% | ||
| Q2 24 | 20.8% | 47.7% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 11.3% | 18.2% | ||
| Q3 25 | 12.3% | 18.2% | ||
| Q2 25 | 12.6% | 21.0% | ||
| Q1 25 | 9.4% | 15.7% | ||
| Q4 24 | 10.5% | 16.5% | ||
| Q3 24 | 7.3% | 17.1% | ||
| Q2 24 | 11.9% | 18.7% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 9.2% | 13.4% | ||
| Q3 25 | 8.9% | 13.4% | ||
| Q2 25 | 9.2% | 15.7% | ||
| Q1 25 | 7.3% | 13.3% | ||
| Q4 24 | 9.2% | 12.5% | ||
| Q3 24 | 7.0% | 12.7% | ||
| Q2 24 | 8.6% | 13.7% |
| Q1 26 | — | $2.97 | ||
| Q4 25 | $0.94 | $2.50 | ||
| Q3 25 | $1.11 | $2.45 | ||
| Q2 25 | $1.12 | $3.01 | ||
| Q1 25 | $0.79 | $2.21 | ||
| Q4 24 | $0.86 | $2.02 | ||
| Q3 24 | $0.71 | $2.06 | ||
| Q2 24 | $0.85 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $241.7M | $374.7M |
| Total DebtLower is stronger | — | $197.8M |
| Stockholders' EquityBook value | $271.4M | $2.1B |
| Total Assets | $642.3M | $2.9B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $374.7M | ||
| Q4 25 | $241.7M | $405.5M | ||
| Q3 25 | $229.3M | $457.7M | ||
| Q2 25 | $173.1M | $369.3M | ||
| Q1 25 | $130.7M | $336.8M | ||
| Q4 24 | $136.1M | $386.9M | ||
| Q3 24 | $127.7M | $303.9M | ||
| Q2 24 | $88.4M | $279.4M |
| Q1 26 | — | $197.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $271.4M | $2.0B | ||
| Q3 25 | $255.4M | $2.0B | ||
| Q2 25 | $221.8M | $1.9B | ||
| Q1 25 | $190.4M | $1.8B | ||
| Q4 24 | $179.7M | $1.7B | ||
| Q3 24 | $159.6M | $1.7B | ||
| Q2 24 | $137.3M | $1.6B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $642.3M | $2.9B | ||
| Q3 25 | $625.3M | $2.7B | ||
| Q2 25 | $575.5M | $2.6B | ||
| Q1 25 | $543.7M | $2.5B | ||
| Q4 24 | $535.2M | $2.4B | ||
| Q3 24 | $524.9M | $2.4B | ||
| Q2 24 | $468.1M | $2.4B |
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $36.6M | $17.9M |
| Free Cash FlowOCF − Capex | $31.1M | $6.6M |
| FCF MarginFCF / Revenue | 9.3% | 1.0% |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 1.19× | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | $162.6M | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $36.6M | $154.7M | ||
| Q3 25 | $65.1M | $122.4M | ||
| Q2 25 | $56.9M | $69.7M | ||
| Q1 25 | $27.8M | $55.2M | ||
| Q4 24 | $26.4M | $139.5M | ||
| Q3 24 | $55.4M | $90.7M | ||
| Q2 24 | $989.0K | $85.3M |
| Q1 26 | — | $6.6M | ||
| Q4 25 | $31.1M | $140.3M | ||
| Q3 25 | $60.5M | $110.9M | ||
| Q2 25 | $52.3M | $59.5M | ||
| Q1 25 | $18.7M | $45.6M | ||
| Q4 24 | $21.8M | $127.5M | ||
| Q3 24 | $50.2M | $84.3M | ||
| Q2 24 | $-3.5M | $78.5M |
| Q1 26 | — | 1.0% | ||
| Q4 25 | 9.3% | 22.4% | ||
| Q3 25 | 14.8% | 18.1% | ||
| Q2 25 | 13.1% | 9.2% | ||
| Q1 25 | 5.2% | 8.2% | ||
| Q4 24 | 7.0% | 23.6% | ||
| Q3 24 | 14.3% | 15.5% | ||
| Q2 24 | -1.1% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 2.3% | ||
| Q3 25 | 1.1% | 1.9% | ||
| Q2 25 | 1.2% | 1.6% | ||
| Q1 25 | 2.5% | 1.7% | ||
| Q4 24 | 1.5% | 2.2% | ||
| Q3 24 | 1.5% | 1.2% | ||
| Q2 24 | 1.3% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | 1.19× | 1.85× | ||
| Q3 25 | 1.78× | 1.49× | ||
| Q2 25 | 1.56× | 0.69× | ||
| Q1 25 | 1.07× | 0.75× | ||
| Q4 24 | 0.92× | 2.07× | ||
| Q3 24 | 2.24× | 1.31× | ||
| Q2 24 | 0.03× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
